Canadian clusters team up to drive $30 million in quantum technology commercialization
NGen and DIGITAL are receiving $14 million from the National Quantum Strategy, which they hope to leverage.
Funding
ApplyBoard co-founder launches Passage to address Canada’s skilled worker shortage with $40-million seed round
Ex-ApplyBoard CEO plans to finance skilled immigrants that meet Canada’s workforce needs.
Canadian-led, California-based Joyful Ventures closes $23 million USD to back sustainable protein startups
Joyful has backed two firms with Canadian roots: New School Foods and Orbillion Bio.
Elevate and The Firehood receive $2.3 million in federal funding to train women leaders
Applications are open until July 5 for women investors and entrepreneurs to get a chance at a $100,000 prize.
Altis Labs closes $7.9 million CAD to evaluate cancer treatments using AI
Altis has worked with UHN, Sunnybrook to develop its cancer imaging database.
Chexy raises $1.3 million for platform that lets tenants pay rent with credit cards
Chexy becomes latest FinTech firm to offer rewards for tenants.
Building-design startup Augmenta raises $15.57 million CAD to hire staff, refine beta
The company says it uses AI to create building designs in a matter of minutes or hours.
Train Fitness closes $2.5 million USD to expand automatic workout-tracking app for strength training
Relay Ventures-backed Train Fitness aims to track weight-lifting without data entry.
Rose Rocket raises $50.2 million CAD Series B to expand trucking solution
The maker of transportation-management software plans to target larger fleets with this latest raise.
Eavor secures $80 million to support Austrian oil and gas firm OMV’s transition to green energy
The geothermal startup previously said it plans to raise $145 million in Series B funding this year.
2022 angel investment in Canada mirrored VC dip, dropping 37 percent year-over-year
While deal count rose, angels disproportionately favoured existing portfolio firms.
After several tech exits, Minutebook founder raises $3.5 million to automate legal tasks
Minutebook co-founder led several startups including Ollie Order, Medeo, Kubera.
Masthead Data raises $1.3 million to help data engineers monitor errors without client data
Organizations in e-commerce, finance, other tech domains use Masthead’s platform, the company claims.
Tribe Network launches $20-million VC fund to invest in early-stage stage businesses led by people of colour
The new fund aims to level the playing field for entrepreneurs facing systemic barriers.
Synthetic biology startup Ardra is brewing up big plans with its fermentation technology
Despite a tough investment climate and a series of setbacks, Ardra is up to the challenge of precision fermentation.